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When will the next stimulus check be sent out in the US

When will the next stimulus check be sent out in the US

When will the next stimulus check be sent out in the US:

Is a second round of economic stimulus payments in the works? While Congress seems to be moving closer to a decision, details about additional financial aid for individuals and families are still taking shape. Since last week, we learned that Congress is likely to decide this month if it will begin work on a second financial rescue package to help individuals struggling to make ends meet because of the coronavirus pandemic.

If Washington does approve another coronavirus stimulus check, it could be the last. Senate Majority Leader Mitch McConnell said last Friday that if Congress does take up another round of stimulus payments, it will be the “final” one, CNBC reported. The Senate leader also said that senators could decide in “about a month” whether to move ahead with a second relief check, according to CNBC.

The purpose of a second stimulus check

The first stimulus checks for up to $1,200 apiece were initially intended as a one-time payment to help the people and businesses affected by the coronavirus outbreak. That includes people who couldn’t work because they got sick, received limited work hours or lost their jobs when businesses closed as a measure to slow the spread of COVID-19.

Hassett says second stimulus check will be considered

Donald Trump’s senior economioc advisor, Kevin Hassett says they are most certainly willing to consider it though even if he doesn’t sound overly enthusiastic. “Depending on the state of the economy, it’s something that I guess we would consider,” Hassett said Sunday on CNN’s “State of the Union.”

“Right now, it looks like the economy’s picking up at a very rapid rate, in which case we could potentially move on to other things that the president has mentioned, like the payroll tax cut and potentially even a capital gains holiday,” Hassett added.

“I don’t think those are things you can do quickly,” said Republican Whip John Thune of South Dakota.

 

Source:https://www.cnet.com/ 

 

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